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Fixed Income Investor Information

A Strong Financial Foundation

Manageable maturity schedule and strong credit ratings provide financial flexibility for fixed income investors.

Debt Maturity Profile(1)(2)
($ in Millions) 2021 2022 2023 2024  2025  2026 and
Beyond
    Total
PPL Capital Funding $0 $527 $389 $156 $0 $2,496     $3,568
PPL Electric Utilities(3) $400 $474 $340 $650 $0 $3,075     $4,939
LG&E and KU Energy $250 $0 $0 $0 $0 $0     $250
Louisville Gas & Electric(3) $28 $0 $0 $0 $300 $1,697     $2,024
Kentucky Utilities(3) $0 $0 $13 $0 $250 $2,379     $2,642
Total Debt Maturities(4) $678 $1,001 $742 $806 $550 $9,647     $13,423

 

(1) As of June 30, 2021.
(2) PPL redeemed several series of outstanding debt subsequent to June 30, 2021, primarily related to its announced strategic repositioning.

Please see PPL's 2nd Quarter Investor Update presentation dated August 5, 2021,

PPL's detailed debt maturity schedule provided below, and PPL's SEC filings for additional information related to this subsequent activity.
(3) Amounts include the timing of any put option on municipal bonds that may be put by the holders before the bonds' final maturities.
(4) Does not reflect unamortized debt issuance cost, unamortized premiums (discounts), and fair market valuation adjustments. At June 30, 2021 this total was ($128 million).

 

Current Credit Ratings

Current credit ratings as of June 30, 2021

Senior Unsecured Ratings

Entity Moody's S&P
PPL Capital Funding, Inc. Baa2 BBB+
LG&E and KU Energy LLC Baa1 BBB+

Senior Secured Ratings

Entity Moody's S&P
Louisville Gas and Electric Company A1 A
Kentucky Utilities Company A1 A
PPL Electric Utilities Corporation A1 A
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